Hays Von E - 28 Feb 2023 Form 4 Insider Report for COMERICA INC /NEW/ (CMA)

Role
EVP and Chief Legal Officer
Signature
Jennifer S. Perry, on behalf of Von E. Hays through Power of Attorney
Issuer symbol
CMA
Transactions as of
28 Feb 2023
Net transactions value
-$15,492
Form type
4
Filing time
02 Mar 2023, 15:19:31 UTC
Previous filing
30 Jan 2023
Next filing
24 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMA Common Stock Award $0 +907 +6.7% $0.000000 14,501 28 Feb 2023 Direct F1, F2
transaction CMA Common Stock Tax liability $15,492 -221 -1.5% $70.10 14,280 28 Feb 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CMA Employee Stock Option (right to buy) 840 28 Feb 2023 Common Stock 840 $95.25 Direct F3
holding CMA Employee Stock Option (right to buy) 1,085 28 Feb 2023 Common Stock 1,085 $80.17 Direct F3
holding CMA Employee Stock Option (right to buy) 2,035 28 Feb 2023 Common Stock 2,035 $63.15 Direct F3
holding CMA Employee Stock Option (right to buy) 720 28 Feb 2023 Common Stock 720 $60.12 Direct F3
holding CMA Employee Stock Option (right to buy) 595 28 Feb 2023 Common Stock 595 $92.58 Direct F3
holding CMA Employee Stock Option (right to buy) 2,440 28 Feb 2023 Common Stock 2,440 $71.16 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 28, 2020, a "target" award of 835 performance restricted stock units ("SELTPP units") was granted to the reporting person pursuant to Comerica Incorporated's long-term incentive plan. The SELTPP units are settled in stock and vest in one installment following certification of results for a three-year performance period. The performance period ended on December 31, 2022, and on February 28, 2023, the SELTPP units vested upon Comerica's Governance, Compensation and Nominating Committee certification that (1) performance was achieved at 108.7% based upon satisfaction of a three-year average return on common equity excluding certain nonperformance items performance goal and (2) the negative total shareholder return modifier of 10 percentage points would not be applied based upon satisfaction of a relative total shareholder return goal.
F2 Includes shares acquired through employee stock plans, shares purchased with reinvested dividends and restricted stock units as of February 28, 2023.
F3 The options vest in four equal annual installments (based on the original grant amount) beginning on the date indicated in this column.